What Is Cryptocurrency?

Cryptocurrency is a type of digital money that uses technology called blockchain to record transactions.

Unlike traditional money, such as U.S. dollars, many cryptocurrencies aren't controlled by a single bank or government. Instead, transactions can be recorded and verified by a network of computers.

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Bitcoin was the first major cryptocurrency, launching in 2009.

Key takeaway

Crypto is a digital form of value that uses technology to make transactions possible.